Canadians Are Taking Control! For Sale By Owner (FSBO) families are saving literally thousands of dollars in real estate commissions when they decide to list their own homes (ie: FSBO), statistics show that it's probably one of the best ways to go. As Canadian home sales and prices shatter records, some consumers are wondering why they are paying the traditional commission. Clients in sizzling markets, are asking whether Canadian real estate brokers should earn twice as much, in dollar terms, on a sale as they did five years ago for the same job. The fact is that web-surfing home buyers are changing how Canadians are buying real estate, and changing the real estate industry. With a flood of information Canadians are becoming much more studious in their real estate buying techniques and starting to chip away at the 6% commissions that Canadian real estate brokers collect off of each home Is the Internet really that "BIG" in Canada? In the big picture, world Internet users will top 1 billion in 2005. In Canada, Internet users reached 20,450,000 October of 2004. Doesn't sound like much? Keep in mind that Canada's total population is only (32,040,292 ) Chief executive officer of AOL Canada INC - Steve Bartkey stated that twice as many Canadians use the Internet to do their online banking than Americans. The Minister of Nation Revenue - John McCallum states that over 11 million Canadians filed their tax on line in 2004. Just under 1/3 of the Canadian population. Internet buyers, who comprised only 28% of the market in 2000, accounted for 45% of the market in 2002 and may now be in the majority! 78% of home buyers search the Internet before inking up a deal in 2003. That is up from 41% in 2001.
Canadians have come to realize that they cannot continue to throw their equity out the window by giving thousands of their hard earned dollars to agents. For a majority of Canadian citizens their homes are their families largest assets Simply put "For Sale By Owners" AKA "FSBO" are making great money managing decisions, It puts you in control of one of your largest assets, and Its where the real estate market is going with today's technology. Here are a few more reasons "FSBO" Makes Sense!SAVINGS BASED ON 6% COMMISSION - $50,000 ~ $3000.00
- $100,000.00 ~ $6000.00
- $150,000.00 ~ $9000.00
- $300,000.00 ~ $18,000.00
- $500,000.00 ~ $30,000.00
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